Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.
India
Hero MotoCorp purchases 60% stake in joint venture with Italy's Magneti Marelli
Hero MotoCorp on Wednesday announced its buyout of 17.49 lakh shares in HMC MM Auto Ltd., which represents a 60% stake in the company. HMC MM Auto Ltd. is a joint venture of Hero MotoCorp and Italian automobile company Magneti Marelli.
Pearson fund invests in India-based education startup
UK-based investment fund Pearson Affordable Learning Fund has backed Delhi-based education startup Avanti Learning Centres to develop a system that will help students from low-income families prepare for college entrance tests.
Moody's Corp buys Amba Investment Services
Credit ratings agency Moody's Corp has acquired Amba Investment Services for an undisclosed amount. The Economic Times reported the purchase highlighted an appetite for big data and knowledge outsourcing firms.
Sanjeev Aga divests 5,000 shares in Idea Cellular for INR8.81 lakh
Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.
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The National Stock Exchange data revealed Heineken International BV today increased its shareholder interest in India's United Breweries for USD45.8 million or INR2.8 billion.
State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.
Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.
Indian companies that built most of the parts for the country's recently launched Mars mission are using their low-cost, high-tech expertise in frugal space engineering to compete for global aerospace, defence and nuclear contracts worth billions.
Granules India, a pharmaceutical manufacturer in India, secured the approval of its shareholders regarding its planned merger of Active Pharmaceutical Ingredients (APIs) manufacturer Auctus Pharma.
State-backed Power Grid Corporation is looking to raise as much as INR7,600 crore by selling 84.71 crore shares in a follow-on public offering. Shares will be priced at INR85 to INR90 apiece.
The International Finance Corporation is looking to sell rupee-denominated bonds for the second time. The World Bank investment arm raised INR1,000 crore in its first rupee-bond issue.
The real estate in India holds promise to institutional investors, as noted by global realty consultant Cushman & Wakefield as private investment in the country's real estate sector jumped 26% in the first nine months of this year.
Mumbai-based startup Birds Eye Systems raised an undisclosed sum in a Series A round from Matrix Partners India for the expansion of its traffic monitoring brand Traffline.
